RISING SUN STUDIO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RISING SUN STUDIO
Largest movements
- Tangible fixed assets -€17,249
down €17,249 (-5.1%), from €337,268 to €320,020
of which Land and buildings: -€14,745
- Cash -€5,492
down €5,492 (-4.4%), from €124,065 to €118,573
mainly Current portion of long-term debt (-€47,889) and Trade debts (-€770)
- Receivables within one year -€4,820
down €4,820 (-24.8%), from €19,445 to €14,625
of which Trade receivables: -€4,724
- Current portion of long-term debt -€47,889
down €47,889 (-100%), from €47,889 to €0
- Accrued charges and deferred income +€14,297
up €14,297 (+458%), from €3,120 to €17,417
- Financial charges +€13,154
up €13,154 (+414%), from €3,180 to €16,335
- Other operating charges -€8,392
down €8,392 (-46.6%), from €17,988 to €9,597
- Gross operating margin -€3,787
down €3,787 (-7.5%), from €50,503 to €46,715
- Taxes -€2,370
down €2,370 (-37.0%), from €6,408 to €4,038
- Financial income -€1,022
down €1,022 (-60.1%), from €1,700 to €678
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,080 | €453,332 | -€27,748 | -5.8% |
| Fixed assets | 21/28 | €337,268 | €320,020 | -€17,249 | -5.1% |
| Tangible fixed assets | 22/27 | €337,268 | €320,020 | -€17,249 | -5.1% |
| Land and buildings | 22 | €326,715 | €311,970 | -€14,745 | -4.5% |
| Plant, machinery and equipment | 23 | €5,382 | €3,951 | -€1,431 | -26.6% |
| Furniture and vehicles | 24 | €5,172 | €4,099 | -€1,072 | -20.7% |
| Current assets | 29/58 | €143,812 | €133,313 | -€10,499 | -7.3% |
| Amounts receivable within one year | 40/41 | €19,445 | €14,625 | -€4,820 | -24.8% |
| Trade receivables | 40 | €19,349 | €14,625 | -€4,724 | -24.4% |
| Other amounts receivable | 41 | €96 | €0 | -€96 | -100% |
| Cash at bank and in hand | 54/58 | €124,065 | €118,573 | -€5,492 | -4.4% |
| Deferred charges and accrued income | 490/1 | €302 | €115 | -€187 | -61.9% |
| Total equity and liabilities | 10/49 | €481,080 | €453,332 | -€27,748 | -5.8% |
| Equity | 10/15 | €89,553 | €93,089 | +€3,537 | +3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €29,859 | €29,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,861 | €39,688 | +€3,827 | +10.7% |
| Investment grants | 15 | €5,240 | €4,950 | -€291 | -5.5% |
| Provisions and deferred taxes | 16 | €2,519 | €2,354 | -€165 | -6.5% |
| Deferred taxes | 168 | €2,519 | €2,354 | -€165 | -6.5% |
| Amounts payable | 17/49 | €389,009 | €357,889 | -€31,120 | -8.0% |
| Amounts payable after more than one year | 17 | €186,595 | €186,595 | = | 0.0% |
| Financial debts | 170/4 | €186,595 | €186,595 | = | 0.0% |
| Amounts payable within one year | 42/48 | €199,293 | €153,877 | -€45,417 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €47,889 | €0 | -€47,889 | -100% |
| Trade debts | 44 | €12,793 | €12,023 | -€770 | -6.0% |
| Suppliers | 440/4 | €12,793 | €12,023 | -€770 | -6.0% |
| Advances received on contracts in progress | 46 | €126 | - | -€126 | |
| Taxes, remuneration and social security | 45 | €3,066 | €3,693 | +€626 | +20.4% |
| Taxes | 450/3 | €3,066 | €3,693 | +€626 | +20.4% |
| Other amounts payable | 47/48 | €135,419 | €138,161 | +€2,742 | +2.0% |
| Accrued charges and deferred income | 492/3 | €3,120 | €17,417 | +€14,297 | +458% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,081 | €17,249 | -€832 | -4.6% |
| Other operating charges | 640/8 | €17,988 | €9,597 | -€8,392 | -46.6% |
| Non-recurring operating charges | 66A | - | -€3,488 | -€3,488 | |
| Gross operating margin | 9900 | €50,503 | €46,715 | -€3,787 | -7.5% |
| Operating profit (loss) | 9901 | €14,433 | €23,358 | +€8,924 | +61.8% |
| Financial income | 75/76B | €1,700 | €678 | -€1,022 | -60.1% |
| Recurring financial income | 75 | €1,700 | €678 | -€1,022 | -60.1% |
| Financial charges | 65/66B | €3,180 | €16,335 | +€13,154 | +414% |
| Recurring financial charges | 65 | €3,180 | €16,335 | +€13,154 | +414% |
| Profit (loss) for the period before taxes | 9903 | €12,953 | €7,701 | -€5,252 | -40.5% |
| Transfer from deferred taxes | 780 | €165 | €165 | = | 0.0% |
| Income taxes | 67/77 | €6,408 | €4,038 | -€2,370 | -37.0% |
| Profit (loss) for the period | 9904 | €6,709 | €3,827 | -€2,882 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,709 | €3,827 | -€2,882 | -43.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.